Friday SWFI News Roundup, February 13, 2015

Temasek Holdings Invests in E-Commerce Platform Jet

Founded by Marc Lore, Jet raised US$ 140 million in new funding. Lore was the founder of Diapers.com which sold to Amazon for US$ 545 million. Bain Capital Ventures was the lead investor in the round. Other investors were: General Catalyst Partners, Goldman Sachs, New Enterprise Associates, Norwest Venture Partners, Coatue Management, Accel Partners, Thrive Capital, Silicon Valley Bank and Singapore’s Temasek Holdings.

Dallas Fed Reserve Head Fisher Says Saudi Arabia “Engineered” Oil Crisis

Dallas Federal Reserve Head Richard Fisher spoke at the Economic Club of New York, saying “the Saudis have engineered” the oil crisis. In November 2014, Saudi Arabia and the rest of OPEC decided not to lower oil production.

Salient Partners to Buy Forward Management

Houston-based Salient Partners L.P. has agreed to purchase San Francisco-based Forward Management, LLC. Salient Partners has US$ 21.5 billion in assets under management. The deal will add approximately US$ 5.5 billion from the acquisition of Forward Management. Both portfolio management teams will report to Lee Partridge.

Hassad Food Invests in Oman Poultry Project

Hassad Food, a sovereign wealth enterprise of Qatar’s sovereign wealth fund, has purchased a large minority equity interest in Oman-based A’Saffa poultry project. The project has over 40 square kilometers of farmland in Thumrit, located in the Southern area of Oman. A’Saffa Food, previously known as A’Saffa Poultry Farms, is the biggest integrated poultry project in Oman.

University of British Columbia Drops BlackRock for Balanced Fund Option for Performance Reasons

The University of British Columbia has removed BlackRock as an investment manager for its balanced fund option in its defined contribution plan. The removal was for underperformance. The allocation of the balanced fund option is being split by MFS Investment Management and JP Morgan Asset Management. As of November 30, 2014, the balanced fund for the university had C$ 1.6 billion in assets.

Khazanah Nasional Hires Investment Banking Executive Lau

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